It’s time to admit: drugs won the war on drugs – The Property Chronicle
Select your region of interest:

Real estate, alternative real assets and other diversions

It’s time to admit: drugs won the war on drugs

Golden Oldie

Originally published 12 November 2020.

As I write this, we still don’t know who won the presidency. It is, however, time to declare at least one winner. After almost sixty years of fighting, it’s clear that the War on Drugs is almost over and drugs have won. As the Associated Press reports, recreational marijuana has been legalised in New Jersey and Arizona, it looks like it is about to be legalised in Montana and South Dakota, medical marijuana has been approved in Mississippi, and Oregon has loosened restrictions on hard drugs.

As I wrote in 2012, “Prohibition is a textbook example of a policy with negative unintended consequences.” Libertarians have opposed drug prohibition for two main reasons. First, there’s a simple, rights-based argument saying that what I put in my body is basically my business, not the government’s – and a government that is big enough and powerful enough to tell you what you can and cannot smoke or snort is big enough and powerful enough to tell you that you can’t buy extra-large soft drinks or cook with trans fats.

Ideally, we can expect a ‘peace dividend’ from a scaled-back drug war that frees up resources for uses other than policing and incarceration.






Golden Oldie

About Art Carden

Art Carden is a Senior Fellow at the American Institute for Economic Research. He is also an Associate Professor of Economics at Samford University in Birmingham, Alabama and a Research Fellow at the Independent Institute.

Articles by Art Carden

Subscribe to our magazine now!

SUBSCRIBE

Our Partners